Western Asst High Incm Opprtnty Fnd Inc. (NYSE:HIO) declared a monthly dividend on Thursday, May 21st, Wall Street Journal reports. Investors of record on Monday, August 24th will be paid a dividend of 0.0325 per share by the closed-end fund on Tuesday, September 1st. This represents a $0.39 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend is Friday, August 21st.
Western Asst High Incm Opprtnty Fnd has raised its dividend by an average of 3.0% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of HIO opened at $4.52 on Friday. Western Asst High Incm Opprtnty Fnd has a 12-month low of $3.00 and a 12-month high of $5.28. The stock’s 50-day moving average price is $4.32 and its 200 day moving average price is $4.74.
About Western Asst High Incm Opprtnty Fnd
Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.
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